Recently, the core assets of A-shares represented by the A50 have continued to receive market attention. A50ETF Huabao (159596) won 1 in a single day on May 1722betfreespins.27 billion yuan in net capital subscription22betfreespins, has attracted a total of 179 million yuan in gold in the past five days.
Jiang Junyang, fund manager of A50ETF Huabao (159596), pointed out: From a valuation perspective, taking the median PE of the components of the China Securities A50 Index as an observation indicator, as the core asset of public funds and heavy northbound funds, the valuation of the components of the China Securities A50 Index will be from 2019 to the beginning of 2021. The core asset market has been greatly improved. After more than two years of adjustment, as of May 17, 2024, the median PE of the components of the China Securities A50 Index has fallen back to historical lows. The latest valuation level of the index is 16.65 times, and the latest median valuation of constituent stocks is only 20.38 times. The cost performance of the configuration is prominent.